While the soft magnetic material industry is a mature industry, new improved materials are providing with higher energy efficiency transformers and motors. According to a new iRAP report, the 2014 global market for soft magnetic materials stood at about $45.4 billion, and it is estimated to reach $66.6 billion by 2019 with a CAGR of 7.9%.

The platinum group metals (PGMs) recycling industry has sustained growth in the last decade and is likely to continue this growth into the next decade because of the increasing value of PGMs and an expansion of technologies.